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The Morgan dollar is a United States dollar coin minted from 1878 to 1904, in 1921, and beginning again in 2021 as a collectible. It was the first standard silver dollar minted since the passage of the Coinage Act of 1873, which ended the free coining of silver and the production of the previous design, the Seated Liberty dollar.
CC = Carson City Mint. Draped Bust quarter. Small eagle reverse. Small eagle reverse, 1796 (Silver) Year Mint Mintage Comments 1796 (P) ... 1890 (P) 80,000 ...
It primarily minted silver coins; however, it also minted gold coins, with a total face value in dollars nearly equal to that of its silver coins. The mint minted coins in 21 different years. The Carson City Mint was created in 1863 but was not put into operation until 1870.
In 1890, the price of silver dipped to $1.16 per ounce. By the end of the year, it had fallen to $0.69. By December 1894, the price had dropped to $0.60. On November 1, 1895, US mints halted production of silver coins, and the government closed the Carson City Mint. Banks discouraged the use of silver dollars. [5]
The Redfield Hoard was LaVere Redfield's collection of 407,000 silver Morgan and Peace dollars. The hoard was discovered in Reno, Nevada , at the home of LaVere Redfield after his death in 1974. Redfield was burglarized in 1952 and at that time he had already amassed a hoard of 270,000 silver dollars.
The Mint had claimed authority under the Coinage Act of 1873 in issuing the Morgan dollar in 1878 and the Liberty Head nickel in 1883. Morrill was a supporter of coin redesign and had in the past introduced bills to accomplish this; he felt, however, that this could not be done without an act of Congress.
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